Morning Briefing: Purchasing Managers’ Index Readings in Focus

Friday brought May readings for the manufacturing measure of the Purchasing Managers’ Index in the Czech Republic, Hungary and Poland.

In the Czech Republic, the index fell to 47.6 in May from 49.7 in April, while in Poland it declined to 48.9 from 49.2 in April. In both countries, the reading is in the territory below 50, which indicated contraction.

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